US$ Credit Supply Pipeline: $130.54B Total July Issuance

July finishes with $130.54B total corporate debt issuance

• Date $MM Issuer (Priced *, Launch #)
• No new corporate debt issued Friday, $28.39B on week.
•  
• $4.3B to Price Thursday, July finishes with $130.54B total corporate debt issuance
• 07/31 $2B *UBS $750M PerpNC5.5 6.6%, $1.25B PerpNC10 7%
• 07/31 $1.3B *Bunge Ltd Finance $650M 5Y +63, $650M 10Y +82
• 07/31 $1B *Welltower $400M 5Y +62, $600M 10Y +82
• 07/31 $Benchmark Allied Universal (US$/EUR) investor calls
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• 07/30 No new US$ corporate bonds issued Wednesday, FOMC
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• $4.25B Priced Tuesday, $24.09B/wk
• 07/29 $2B *NextEra Energy 2Y +63
• 07/29 $1.5B *Sherwin Williams $500M each: 3Y +47, 5Y +62, 10Y +82
• 07/29 $750M *EW Scripps 5NC2 9.875%
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• $19.84B Priced Monday
• 07/28 $12B *Mexico 5Y +170
• 07/28 $2.75B *RBC $1.25B 4NC3 +62.5, $500M 4NC3 SOFR+88, $1B 6NC5 +73
• 07/28 $2B *Deutsche Bank $1.7B 6NC5 +98, $300M 6NC5 SOFR
• 07/28 $1.95B *Advance Auto $975M 5NC2 7%, $975M 8NC3 7.375%
• 07/28 $1.79B *Community Health Systems 8.5NC3 9.75%
• 07/28 $750M *M&T Bank 10NC5 +143
• 07/28 $600M *Ally Financial 8NC7 +137
• 07/28 $650M EW Scripps 5NC2 investor calls (expected to launch 7/29)
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• 07/25 No new issuance Friday, $23.05B total issued on week
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• $1.4B Priced Thursday
• 07/24 $1B *Synchrony 4NC3 +115, $500M 11NC10 +160
• 07/24 $400M *China Securities Int 3Y SOFR+60
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• $2.75B Priced Wednesday, $21.65B/wk
• 07/23 $2B *Lockheed Martin $500M 3Y +37, $750M 5Y +50, $750M 10Y +65
• 07/23 $750M *JFM (Japan Finance Org for Munis) 5Y SOFR+63
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• $4.5B Priced Tuesday
• 07/22 $2B *General Electric $1B 5Y +47, $1B +10Y +62
• 07/22 $1.5B *Wells Fargo 2031-tap +72
• 07/22 $1B *NY Life $600M 3Y +40, $400M 3Y SOFR+66
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• $14.4B Priced Monday
• 07/21 $4B *American Express $1.5B 4NC3 +55, $750M 4NC3 SOFR+81, 1.75B 8NC7 +80
• 07/21 $3.5B *PepsiCo $750M +3Y +33, $650M 5Y +43, $850M 7Y +53, $1.25B 10Y +63
• 07/21 $2.05B *Clear Channel $900M 7.5NC3 7.5%, $1.15B 5.5NC2 7.125%
• 07/21 $2B *Truist Bank $1.5B 3NC2 +57, $500M3NC2 SOFR+77
• 07/21 $1.25B Travelers $500M 10Y +70, $750M 30Y +80
• 07/21 $1B *Bank of Montreal 60NC5 6.875%
• 07/21 $600M *John Deere +5Y +50
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• 07/18 No new corporate issuance Friday - $27.65B total priced on week
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• $10.3B Priced Thursday
• 07/17 $6B #Morgan Stanley $2B 3NC2 +57, $1B 3NC2 SOFR+77, $3B 6NC5 +75
• 07/17 $2.8B #PNC $1B 3NC2 +52, $300M 3NC002 SOFR+73, $1.5B 11NC10 +92
• 07/17 $1B *Qatar National Bank 5Y Reg S +70
• 07/17 $500M #Symetra Life WNG 30Y +157
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• $11.65B Priced Wednesday, $17.35B/wk
• 07/16 $4B *JP Morgan 11NC10 +112.5
• 07/16 $2.75B *Citigroup PerpNC5 6.875%
• 07/16 $2.2B *Indonesia Sukuk $1.1B 5Y 4.55%, $1.1B 10Y 5.2%
• 07/16 $2.2B *Kioxia Holdings $1.1B 5NC2 6.25%, $1.1B 8NC3 6.625%
• 07/16 $500M *Golub Capital Private Cr 3Y +183
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• $3.7B Priced Tuesday
• 07/15 $1.5B *Univision Communications 7NC3 9.375% (upsized from $1B)
• 07/15 $1B *Conagra $500M 5Y +102, $500M 10Y +127
• 07/15 $1.2B *Aecom 8NC3 6%
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• $2B Priced Monday
• 07/14 $850M *Athene Global 5Y +105
• 07/14 $650M *Aircastle 5Y +120
• 07/14 $500M *Macy's 8NC3 7.375%
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• 07/11 No new US$ Corporate bond issuance Friday, $45.7B total on the week
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• $5.85B Priced Thursday
• 07/10 $3B *Nissan Motor $1B 5Y 7.5%, $750M 7Y 7.75%, $1.25B 10Y 8.125% (upsized from $2.25B)
• 07/10 $1.5B *World Bank 2030 Tap SOFR+43 (upsized from $500M)
• 07/10 $750 *Aviation Capital Group 5Y +107
• 07/10 $600M *Pacific Life 7Y +75
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• $18B Priced Wednesday, led by $11.25B NTT Finance 7Pt jumbo - largest since Mars issued $26B over 8 tranches on March 5
• 07/09 $11.25B #NTT Finance Corp: $1.25B 2Y +72, $1.5B 3Y +82, $500M 3Y SOFR+108, $2.5B 5Y +97, 500M 5Y SOFR+131, $2.5B 7Y +107, $2.5B 10Y +117
• 07/09 $3.75B #Romania $2B +5Y +185, $1.75B +10Y +230 (also E1.5B 2039 Tap +415)
• 07/09 $1.6B #Viper Energy $500M 5Y +100, $1.1B 10Y +140
• 07/09 $900M #Gulfstream Natural Gas System 10Y +125
• 07/09 $500M #Western-Southern 3Y +70
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• $7.4B Priced Tuesday
• 07/08 $3B *IADB (Inter-American Development Bank) 10Y SOFR+61
• 07/08 $2.25B *American Honda $900M 2Y +65, $600M 2Y SOFR+87, $750M 7Y +100
• 07/08 $1.25B *BFCM $650M 3.25Y +72, $600M 3.25Y SOFR+99
• 07/08 $900M *Gray Media 7NC 9.625%
• Potential roll-over from Monday:
• 07/?? $Benchmark Nissan Motor 5Y 7.25%a, 7Y 7.75%a, 10Y 8%a
• 07/?? $Benchmark NTT Finance Corp multi tranche investor calls: 2Y, 3Y fix/SOFR, 5Y fix/SOFR, 7Y,
• 0Y, 12Y -- in addition to EUR issuance 2Y, -4Y, 8Y and 12Y
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• $14.45B Priced Monday
• 07/07 $6B #Broadcom $1.75B 5Y +68, $1.75B 7Y +78, $2.5B 10Y +85
• 07/07 $3B #Carnival Corp 7NC 5.75%
• 07/07 $2.05B #Nationwide Bldng Soc. $750M 4NC3 +80, $300M 4NC3 SOFR+107, $1B 11NC10+115
• 07/07 $1.5B *Rep of Guatemala $800M 10Y 6.375%, $700M 30Y 7%
• 07/07 $750M #CIBC 60.25NC5 7%
• 07/07 $650M #Avalon Holdings 5+108
• 07/07 $500M *Shinhan Financial 5Y +63
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• $4B Priced Wednesday, $17.5B/wk - no new issuance on Thursday's shortened pre-holiday session
• 07/02 $2.2B *SoftBank Group $500M 3.75Y 6.5%, $600M 5.5Y 6.875%, $600M 7 Y 7.25%, $500M 10Y
• .5% (in addition to 3 Eur tranches: 4.25Y, 6Y & 8Y) Note, SoftBank Corp issued $1B over 2 tranches on
• Monday.
• 07/02 $800M *Korea Gas $300M 3Y SOFR+65, $500M 5Y +47
• 07/02 $800M *National Bank of Kuwait PerpNC6 6.375%
• 07/02 $500M *HIKMA Pharmaceuticals 5Y +135a
• 07/02 $500M *Qatar Insurance NC6 6.15%
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• $1.75M Priced Tuesday, $13.5B/wk 
• 07/01 $1B *Hilton Domestic 8NC3 5.75%
• 07/01 $750M *Türkiye Vakıflar Bankası 5Y 7.375%